Deoleo (OLE) H2 2025 earnings summary

Executive summary

• EBITDA increased by 50% to €50M and net profit reached €20M for FY2025, driven by the EVOO-lution roadmap and recovery in consumption and volumes.

• All international business units posted sustained growth, with strong performance in the US, Northern Europe, and India.

• Innovation and new product launches contributed 25% higher gross margin than the rest of the portfolio.

• Leadership emphasized the resilience and sustainability of the business model, highlighting improved governance and operational execution.

Financial highlights

• Unit gross margin grew by 17%, and total gross margin rose 30% year-over-year to €129M.

• Sales volume increased by 11%, with turnover at €821M, reflecting price normalization and lower raw material costs.

• Operating cash flow reached €56M, up 72% from 2024, and working capital was reduced by 27%.

• Advertising and promotion investment grew by 30% to €17M.

Outlook and guidance

• Focus for 2026 is on consolidating growth, capturing further value, and improving unit margins through efficiency initiatives.

• Confidence in continued value generation for shareholders, supported by brand strength and consumption recovery.